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Reply to "Do you know people who have money but aren't buying a home?"
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[quote=Anonymous][quote=Anonymous]This is us. Mid 30s, have kids. We have more than half a million in the bank and a good income but rent a SFH. We still may move to be closer with family. Or not. We may buy a house. Maybe. Owning a home is a lot of trouble, and isn't always the greatest investment, depending on how the market goes, etc. Our family members do sometimes pressure us/"hint" that we "need" to buy a house. Oh well. [/quote] It may not be that great of an investment but it prevents you from paying rent when you're retired. Over 15 or 30 years you have full ownership of your house and never face a rent increase. The vast majority of people who rent do not have significant savings. You may be an exception. [/quote]
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